Key Points
- Director Emily Rollins sold 2,500 Xometry shares at an average price of $123.89, for about $309,725. After the sale, she directly owned 12,636 shares, a 16.52% reduction in her holdings.
- Xometry reported quarterly EPS of $0.28, beating the $0.19 analyst consensus, while revenue of $252.44 million exceeded estimates and grew 39.5% year over year.
- Analysts’ consensus rating was “Moderate Buy,” with an average price target of $124.55.
Xometry, Inc. (NASDAQ:XMTR - Get Free Report) CEO Sanjeev Sahni sold 1,500 shares of the stock in a transaction dated Thursday, November 12th. The shares were sold at an average price of $122.50, for a total transaction of $183,750.00. Following the transaction, the chief executive officer directly owned 176,791 shares of the company's stock, valued at $21,656,897.50. This trade represents a 0.84% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Sanjeev Singh Sahni also recently made the following trade(s):
- On Monday, October 12th, Sanjeev Sahni sold 1,500 shares of Xometry stock. The shares were sold at an average price of $108.80, for a total value of $163,200.00.
- On Friday, October 2nd, Sanjeev Sahni sold 1,112 shares of Xometry stock. The stock was sold at an average price of $103.28, for a total value of $114,847.36.
- On Monday, September 14th, Sanjeev Sahni sold 1,500 shares of Xometry stock. The stock was sold at an average price of $85.23, for a total value of $127,845.00.
- On Monday, August 17th, Sanjeev Sahni sold 1,500 shares of Xometry stock. The stock was sold at an average price of $90.19, for a total value of $135,285.00.
Xometry Price Performance
Xometry stock traded down $1.17 during midday trading on Friday, reaching $119.61. 576,710 shares of the stock traded hands, compared to its average volume of 916,844. The stock's fifty day moving average is $101.00 and its 200-day moving average is $78.66. Xometry, Inc. has a 12 month low of $35.86 and a 12 month high of $127.49. The stock has a market cap of $6.20 billion, a P/E ratio of -351.78 and a beta of 1.33. The company has a quick ratio of 3.13, a current ratio of 3.15 and a debt-to-equity ratio of 0.40.
Xometry (NASDAQ:XMTR - Get Free Report) last released its quarterly earnings results on Tuesday, November 3rd. The company reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.09. Xometry had a positive return on equity of 0.18% and a negative net margin of 1.97%. The business had revenue of $252.44 million during the quarter, compared to analysts' expectations of $235.54 million. During the same quarter last year, the business posted $0.11 EPS. The firm's revenue for the quarter was up 39.5% compared to the same quarter last year. As a group, equities research analysts anticipate that Xometry, Inc. will post 0.13 EPS for the current year.
Wall Street Analysts Forecast Growth
XMTR has been the subject of a number of research reports. Zacks Research upgraded Xometry from a "hold" rating to a "strong-buy" rating in a research report on Friday, November 6th. Citizens Jmp boosted their price target on shares of Xometry from $120.00 to $135.00 and gave the stock a "market outperform" rating in a research report on Wednesday, November 4th. Rosenblatt Securities upped their price target on shares of Xometry from $130.00 to $140.00 and gave the company a "buy" rating in a research note on Friday. UBS Group increased their price objective on shares of Xometry from $95.00 to $108.00 and gave the company a "neutral" rating in a research report on Wednesday, November 4th. Finally, BNP Paribas Exane assumed coverage on shares of Xometry in a research report on Friday, September 18th. They set an "outperform" rating and a $120.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, three have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $124.55.
Get Our Latest Report on Xometry
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Integrated Wealth Concepts LLC bought a new stake in Xometry during the second quarter worth approximately $36,000. IFP Advisors Inc raised its position in Xometry by 687.5% during the third quarter. IFP Advisors Inc now owns 441 shares of the company's stock valued at $45,000 after purchasing an additional 385 shares during the period. Advisors Asset Management Inc. purchased a new stake in Xometry during the third quarter valued at approximately $59,000. GAMMA Investing LLC lifted its stake in shares of Xometry by 36.5% in the 3rd quarter. GAMMA Investing LLC now owns 958 shares of the company's stock valued at $99,000 after purchasing an additional 256 shares during the last quarter. Finally, CoreCap Advisors LLC bought a new stake in shares of Xometry in the 2nd quarter valued at approximately $97,000. Hedge funds and other institutional investors own 97.31% of the company's stock.
Xometry Company Profile
(
Get Free Report)
Xometry, Inc. operates a digital marketplace that connects businesses needing custom-manufactured parts with a network of manufacturing suppliers. Its platform uses automated quoting and matching tools to help customers source parts and production services. Services available through the marketplace include CNC machining, 3D printing, sheet metal fabrication, injection molding, and other manufacturing processes. Xometry also offers related services such as product sourcing and procurement tools, and operates Thomasnet, an online platform for discovering and evaluating industrial suppliers.
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